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infinite_spin • today at 3:04 AM • 2 replies • view on HN

a friend showed me their budget recently, and about 45 hours of their wages go to rent each month (for a single room in a house with roommates). That seems very high to me, and their rent is considered "low" in their area (a small suburb)


Replies

zdragnar • today at 3:55 AM

Assuming they work full time, that is pretty average. The old "30%" rule is that you should spend no more than 30% of your pre-tax wages on rent. Your friend is spending just over a quarter post-taxes.

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SirMaster • today at 6:25 AM

That seems high. 14 hours of my salary (pretax) goes to my rent.